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Bengaluru based fin-tech startup Fisdom raises $1.1M in series A from Saama Capital

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Fisdom is an online quick investment app that helps you invest easily online.

Bengaluru, Oct 19,2016. Red Newswire/–

Fisdom, a Bengaluru based fin-tech startup, an app for online investments has got backing from Saama Capital. The startup has currently raised $1.1 million in series A funding. Earlier this year in Jan, it had raised a angel funding of $500,000. It has received a total funding of $1.6 million till date.

 

Fisdom is an investment advisor registered with AMCI. Users have to set goals and the algorithm then allots the risk level and decides the portfolio.

 

The app takes care of load and tax optimization and portfolio re-balancing. Currently the company is offering invests in mutual funds but plans include more products.

It had raised angel funding of $500k (INR 3.4Cr) from Rob Chandra, Raghunandan G and Aprameya Radhakrishna (Co-Founders, TaxiForSure), Sumit Jain (Co-founder, CommonFloor), Vishal Purohit (CEO, Wooqer), Rajeev Chitrabhanu, (CEO, JM Financial) and Gaurav Gupta (Macquarie Capital) in Jan, 2016.

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It has plans to bring on board over 5,000-10,000 active customers by the end of 2016.

 

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